Stochastic frontier production function approach is adopted, 93 farmer samples have been collected, pure efficiency, technical efficiency, technical change and scale efficiency and the institutional contribution have ...Stochastic frontier production function approach is adopted, 93 farmer samples have been collected, pure efficiency, technical efficiency, technical change and scale efficiency and the institutional contribution have been calculated. The results indicated that increasing productivity is the sole measurement to reduce poverty, institution and technical change are the two key factors. Therefore, stable institution, improving technical changes are required. At present, it is urgent to make technical progre...展开更多
A new debate on the potential impact of oil price changes on the value of firms was initiated in this paper. Using a stochastic frontier approach, an attempt was made to derive the optimal value Q＊ of firms and calcu...A new debate on the potential impact of oil price changes on the value of firms was initiated in this paper. Using a stochastic frontier approach, an attempt was made to derive the optimal value Q＊ of firms and calculate the Q value observed. Then the shortfall （Q＊-Q） which represents the inefficiency term was explained. Starting from 19 industrial Tunisian firms listed on the Tunis Stock Exchange between 2007 and 2011, the fact that variation of oil prices can largely explain distortions in the value of firms was empirically demonstrated.展开更多
文摘Stochastic frontier production function approach is adopted, 93 farmer samples have been collected, pure efficiency, technical efficiency, technical change and scale efficiency and the institutional contribution have been calculated. The results indicated that increasing productivity is the sole measurement to reduce poverty, institution and technical change are the two key factors. Therefore, stable institution, improving technical changes are required. At present, it is urgent to make technical progre...
文摘A new debate on the potential impact of oil price changes on the value of firms was initiated in this paper. Using a stochastic frontier approach, an attempt was made to derive the optimal value Q＊ of firms and calculate the Q value observed. Then the shortfall （Q＊-Q） which represents the inefficiency term was explained. Starting from 19 industrial Tunisian firms listed on the Tunis Stock Exchange between 2007 and 2011, the fact that variation of oil prices can largely explain distortions in the value of firms was empirically demonstrated.
